From January to February 2019, Dana Point real estate saw a continued low inventory and a corresponding increase in prices.
Home inventory in Dana Point in February was at 1.29 months, meaning it would take less than 6 weeks to sell all of the existing Dana Point home inventory if no new properties were placed on the market.
At 1.29 months of inventory, Dana Point in February was an Extreme Seller’s Market. The average price of a Dana Point home increased in February 12% over January. The median Dana Point home price also increased – 14% from January to February.
There were 27 homes sold in Dana Point in February. The price band with the highest number of home sales was $1-$1.5MM, in which 7 homes were sold.
5 homes were sold in the $700-$800K price band, and 4 homes were sold in the $1.5-$2MM range.
Year-to-date sales (January-February 2019) are up 7% from 2018, which could be a sign that inventory will steadily increase in 2019 and give buyers a greater opportunity on selection and price.
For help buying a home in Dana Point, or for questions about the Dana Point real estate market, contact me below.
A second generation real estate broker living in Laguna Beach, CA. Need help with Orange County real estate? Call/ text 949-973-6478. Follow: @diglagunabeach